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Buy Stop-Limit orders with Stop level higher than Limit level and Sell Stop-Limit orders with Stop level lower than Limit level are rejected by the broker. | Buy Stop-Limit orders with Stop level higher than Limit level and Sell Stop-Limit orders with Stop level lower than Limit level are rejected by the broker. | ||
Open position Profit/Loss is calculated by | Open position Profit/Loss is calculated by Rithmic broker and displayed in MultiCharts. | ||
Unrealized Profit/Loss for the account is calculated by | Unrealized Profit/Loss for the account is calculated by Rithmic broker and displayed in MultiCharts. | ||
Rithmic does not support Native One-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command to cancel the second OCO order to the broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see [[Trading Risks#OCO-Orders Risk|OCO-Orders Risk]]). | |||
====Setting up | ====Setting up Rithmic Paper Trading Broker Plug-in==== | ||
In MultiCharts Main Menu go to Format and select Strategy Properties. Click Auto Trading tab and select Rithmic Paper Trading (see [[Auto Trading#Select Broker Plug-in|Auto trading settings]]) then click Settings tab: | |||
# Authority section <br/> Enter '''Login''' and '''Password''' <br/> SSL certificates path is set up by default. | |||
# Connectivity section <br/> Do not change anything else in this section. <br/> The Reset button nearby Deployment is to restore correct settings. | |||
# Default Order Settings section. <br/> Click Lookup and wait a bit while MultiCharts receives Trade Route information from the Broker. It can be, for example, only one option - '''simulator''' Trade Route, or it will be necessary to select one of the Trade Routes from the dropdown menu, depending on the traded instrument. | |||
<div style="background-color: #E3FBE5;">Note: In case Trade Route search gives no results, most likely the Login or password or other settings are incorrect. </div> | |||
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Select one of the four available Time In Force order parameters. | Select one of the four available Time In Force order parameters. |